24.11.2014 - Iran to push for Saudi oil output cut at OPEC
Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two OPEC members meet this week in Vienna, Iran's semi-official Mehr news agency reported on Sunday citing a television interview with the country's oil minister. The Organization of the Petroleum Exporting Countries meets on Nov. 27 to set its output policy and some of its members have called for output cuts to shore up oil prices. Brent crude oil LCOc1 has lost about 30 percent of its value since June to around $80 a barrel because of abundant supplies and weakening demand......................................Full Article: Source
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